““CEOs go to their vacation homes just after companies report favorable news, and CEOs return to headquarters right before subsequent news is released. More good news is released when CEOs are back at work, and CEOs appear not to leave headquarters at all if a firm has adverse news to disclose. When CEOs are away from the office, stock prices behave quietly with sharply lower volatility. Volatility increases immediately when CEOs return to work.” —David Yermack, a New York University finance professor, whose recently released study shows a correlation between when CEOs take their private jets on vacation and movements in their companies’ stock price ”
Dow got you down?
A UK charter operator is offering free in-flight beauty therapy and massages to help customers relieve the stress of the current financial crisis and to arrive at their destination in better shape. "Private jet chartering is all about eliminating the stress and hassle of modern air travel," said George Galanopoulos, managing director of London Executive Aviation, who added that the therapy and massages are available on
the company's Bombardier Challenger 300 and Embraer Legacy 600 aircraft.